Hi Everyone-
Once again turning to the experts here for advice 
I would like to obtain a mortgage within the next year or so and here is my story:
Filed Chptr 7 (medical reasons) in Jan. of last year.
Current accounts: Cap One $1500., NFCU $3500., OB $420., and Hooters $320.
I recently was given the advice that, in order to boost my score, I should get a small car loan and pay it off over 1 year. So, I applied for a 10,000 car with 2000. down (like this weekend) and got the following approvals: Wells Fargo 12.4, Chase 12.9, and CapOne 10.74.
Here is my questions:
1. Will this really help my scores and chances of mortgage approval?
2. Should I take the higher interest rate through Wells Fargo as I hope to apply for a mortgage with them and this would show that I am a good credit risk?
P.S. I was given my score of 646
Starting Score: 530
The BK is going to stop the deal in it's tracks. FHA is 2 years from BK discharge, conventional I think is 3.
An auto loan will have a neglible impact at best. If you have never had an installment loan it may bring up your score a touch after the new account hit wears off but it's neglible at best. Having a prior product with a big bank really doesn't make any difference.
I am not an expert but have you considered what your DTI would look like with the car loan factored in? something to thnk about.
Starting Score: EQ: 532, EX: 569, TU: 621 (All lender pull 10/15/11)Understood, thank you for your response. I am looking to purchase the home next year, which would put me at the two-year mark. Its too bad about the relationship with the bank though 
Thanks Again!